Q4 2024 Earnings Forecast for Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) Issued By Zacks Research

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRLFree Report) – Analysts at Zacks Research lowered their Q4 2024 earnings estimates for Cracker Barrel Old Country Store in a research note issued on Tuesday, May 21st. Zacks Research analyst H. Ray now forecasts that the restaurant operator will post earnings of $1.71 per share for the quarter, down from their previous forecast of $1.97. The consensus estimate for Cracker Barrel Old Country Store’s current full-year earnings is $4.17 per share. Zacks Research also issued estimates for Cracker Barrel Old Country Store’s Q2 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.75 EPS, FY2025 earnings at $4.54 EPS, Q2 2026 earnings at $1.53 EPS and FY2026 earnings at $5.35 EPS.

Cracker Barrel Old Country Store (NASDAQ:CBRLGet Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The restaurant operator reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Cracker Barrel Old Country Store had a net margin of 2.43% and a return on equity of 23.13%. The firm had revenue of $935.40 million during the quarter, compared to analyst estimates of $917.83 million. During the same period in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis.

Several other research analysts also recently commented on CBRL. Loop Capital decreased their target price on shares of Cracker Barrel Old Country Store from $72.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Citigroup reduced their price objective on shares of Cracker Barrel Old Country Store from $61.00 to $48.00 and set a “sell” rating on the stock in a research report on Friday, May 17th. Piper Sandler reduced their price objective on shares of Cracker Barrel Old Country Store from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th. Bank of America reduced their price objective on shares of Cracker Barrel Old Country Store from $72.00 to $62.00 and set an “underperform” rating on the stock in a research report on Thursday, May 16th. Finally, CL King downgraded shares of Cracker Barrel Old Country Store from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.00.

Read Our Latest Research Report on CBRL

Cracker Barrel Old Country Store Stock Down 0.1 %

Shares of NASDAQ CBRL opened at $45.62 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. Cracker Barrel Old Country Store has a 52 week low of $45.35 and a 52 week high of $105.98. The firm’s fifty day moving average is $60.04 and its 200 day moving average is $69.17. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.92 and a beta of 1.48.

Hedge Funds Weigh In On Cracker Barrel Old Country Store

A number of hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its stake in Cracker Barrel Old Country Store by 0.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 15,522 shares of the restaurant operator’s stock worth $1,196,000 after purchasing an additional 134 shares in the last quarter. HighTower Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,922 shares of the restaurant operator’s stock worth $394,000 after purchasing an additional 251 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in Cracker Barrel Old Country Store by 7.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 3,466 shares of the restaurant operator’s stock worth $267,000 after purchasing an additional 253 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Cracker Barrel Old Country Store by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 19,416 shares of the restaurant operator’s stock worth $1,412,000 after purchasing an additional 274 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Cracker Barrel Old Country Store by 3.7% in the 3rd quarter. Synovus Financial Corp now owns 8,334 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 96.01% of the company’s stock.

Cracker Barrel Old Country Store Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Friday, July 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, July 19th. Cracker Barrel Old Country Store’s dividend payout ratio is presently 138.67%.

Cracker Barrel Old Country Store Company Profile

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Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.

See Also

Earnings History and Estimates for Cracker Barrel Old Country Store (NASDAQ:CBRL)

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